Don’t try to time it perfectly. When we look back at this time in 5 years, a week won’t matter. At some point the Fed will step in and try to stop the slide in financial markets (not just stocks), but we’re not close to that yet.
We’ll see a rally for sure if inflation news comes out that it’s...
Sell the news. Or buy the news in this case. The sell off this week was in expectation of a 75 basis point hike.
The move on Fed day is often a false move though so we’ll see tomorrow.
Ok, so 1 mil maybe doesn't mean retire anymore, but 10 mil and I'm cashing out at least partially, wtf? At least buy a house, pay off some debt etc. How much do you need?
Thanks for all that! I think 3800 being both the 38% retracement and the 20% correction level is going to get a lot of support. I’m thinking we double bottom there and go up for a while before we visit 3500.
Yeah we’ll have some big bear market rallies, this one was really weak but maybe we get a retest of the 3800 level and then a rally. But the bottom is far below us.